Bitcoin's Short-Term Holders Cash In

A recent market report from Bitcoinist.com highlighted that Bitcoin’s short-term holders have recently engaged in a significant profit-taking spree, selling almost $4.5 billion worth in the past four days. 

Bitcoin's short-term holders are investors who acquired BTC in the last 155 days. This event marks their largest profit-taking since November 2021.Short-term holders, known for their reactive nature to market sentiments, typically respond to fear or hype. The surge in Bitcoin's price to over $41,000 has prompted these holders to capitalize on their gains. Tracking their activity through exchange inflow volumes reveals a spike during the recent rally, indicating substantial deposits to centralized exchanges. While not all deposits imply selling, the $4.5 billion influx suggests a notable profit-taking trend.Despite the potential market slowdown, Bitcoin has sustained its upward momentum, currently hovering around $41,900, reflecting robust demand amid the ongoing sell-off. 

This positive resilience bodes well for the sustainability of the current rally.Key Crypto Advocate Rep. Retires After 20 Years in CongressCrypto advocate Rep. Patrick McHenry, Chair of the House Financial Services Committee, has declared his retirement, concluding a significant 20-year congressional tenure. McHenry, a key figure in shaping cryptocurrency legislation, won't seek reelection, leaving his post in January 2025. 

His impact on crypto regulations and pursuit of regulatory clarity has been instrumental, guiding legislation to integrate digital assets into the regulatory framework.McHenry's departure comes at a crucial juncture for the crypto industry seeking stability. Known for bipartisan leadership, his interim role as speaker demonstrated adeptness in navigating party divisions. Industry leaders like Sheila Warren commend his balanced approach to financial innovation and regulation. As the 2024 elections approach, McHenry's retirement adds a layer to the evolving political landscape, highlighting the increasing focus on cryptocurrency in political campaigns.

Singapore Launches National AI Strategy 2.0Singapore has unveiled its National AI Strategy 2.0, led by Deputy Prime Minister Lawrence Wong, with a vision to solidify its global AI hub status. The ambitious plan aims to triple its AI experts to 15,000 in the next three to five years, blending local talent development with global recruitment. 

The strategy focuses on government incentives, particularly supporting AI startups through accelerator programs and encouraging the establishment of AI centers of excellence. Singapore will strengthen its high-performance computing resources through collaborations with chipmakers and cloud providers, ensuring a robust foundation for AI research.

The $52 million National Multimodal LLM Programme aims to advance diverse text-to-speech or text-to-image generative systems. Emphasizing inclusivity, Singapore plans to develop an AI model reflecting Southeast Asia's languages and cultures, showcasing a commitment to responsible AI development. The comprehensive roadmap positions Singapore as a key player in shaping the future of artificial intelligence.

Avete il controllo delle vostre criptovalute?

Le criptovalute sono state progettate per darvi il pieno controllo sui vostri fondi, permettendovi di inviare, ricevere e conservare il valore senza affidarvi a intermediari terzi.

Ma se conservate le vostre criptovalute su una piattaforma o una borsa centralizzata, tecnicamente chi controlla le vostre criptovalute?

La risposta è che la piattaforma o la borsa centralizzata, proprio come una banca tradizionale, controlla tecnicamente i fondi depositati sul vostro conto.

Supponiamo che la vostra criptovaluta sia depositata presso una borsa valori. L'exchange memorizza le vostre criptovalute a un indirizzo detenuto dall'exchange, non da voi. Se l'exchange deve disabilitare i prelievi o ha un altro problema serio, potreste non avere pieno accesso alla vostra cripto. Nella storia della criptovaluta, ci sono anche alcuni esempi di piattaforme centralizzate che sono state violate, mettendo a rischio i fondi dei clienti.

In altre parole, quando custodite la vostra criptovaluta presso qualcun altro, non ne avete il pieno controllo.

Quindi, come si può ottenere il pieno controllo sulle proprie criptovalute?

Con un portafoglio a chiave privata.

Chiamato anche portafoglio non-custodiale o auto-custodia, questa tecnologia vi permette di controllare le vostre chiavi private, invece di affidarle a terzi. Invece di affidarvi a una borsa o a un intermediario, le detenete voi stessi.

Sono queste chiavi private a darvi il controllo sulla vostra criptovaluta. Come dice il proverbio: "Se non hai le chiavi, non hai la tua criptovaluta".

Dal potere deriva la responsabilità. Se concedete a qualcuno l'accesso alle vostre chiavi private o se la frase segreta di recupero del vostro portafoglio finisce nelle mani sbagliate, potreste rischiare di perdere la vostra criptovaluta.

Volete il vostro portafoglio a chiave privata?

The Wallet vi offre la possibilità di avere il pieno controllo delle vostre criptovalute in portafogli a chiave privata per bitcoin, ethereum e decine di altri token.

Per iniziare bastano pochi passi:

Accedete al vostro portafoglio.

Trasferite le vostre criptovalute in un portafoglio a chiave privata.

Ottenete il pieno controllo dei vostri fondi.

Se hai bisogno di assistenza e supporto non esitare a contattarmi: [email protected]

Do you control your crypto?

Cryptocurrencies were designed to give you full control over your funds, letting you send, receive, and store value without relying on third party intermediaries.

But if you store your crypto on a centralized platform or exchange, technically who controls your crypto?

The answer is the centralized platform or exchange – much like a traditional bank – technically controls the funds held in your account.

Let’s say you keep your crypto on an exchange. 

The exchange stores your crypto at an address held by the exchange, not you. If the exchange has to disable withdrawals or has another serious issue, you may not have full access to your crypto. 

Throughout crypto’s history, there are even a few examples of centralized platforms getting hacked, putting customer funds at risk. Put another way, when you custody your crypto with someone else, you are not in full control.

So, how do you gain full control over your crypto?

With a private key wallet.Also referred to as a non-custodial or self-custody wallet, this technology puts you in control of your private keys, rather than entrusting them to a third party. Instead of relying on an exchange or brokerage, you hold it yourself.These private keys are what give you control over your crypto. 

As the saying goes, “Not your keys, not your crypto.”

Are there any downsides?

With power comes responsibility. If you grant someone access to your private keys or your wallet’s secret recovery phrase falls into the wrong hands, you may risk losing your crypto.

Want your own Private Key Wallet?

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If you need assistance and supporti don't hesitate to contact me by: [email protected]